Africa is the key to sustained global growth
The world economy needs new drivers of demand and Africa is uniquely suited to fulfill that need (File/Reuters)
Short Url
https://arab.news/2r5y9
More than 50 years after decolonization, the West still regards Africa as a supporting player in the global economy: a source of raw materials and little else. This outdated view has hampered Africa’s development of high-value manufacturing industries and integrated supply chains, impeding economic growth. As a result, disparities in per capita income between Africa and other regions have increased and the continent’s share of global trade has fallen below 3 percent, even though Africa accounts for almost one-fifth of the world’s population.
